Kathmandu, September 18
Though the central bank of Nepal had urged all commercial banks of the country to expand their services to all 753 local units across the country by mid-July, 97 of them still do not have any such financial institutions.
Finance Minister Yubaraj Khatiwada says only 656 local units have commercial banks.
Speaking at a press conference at the Ministry, he says other units do not have banks as they lack basic infrastructures to open branches.
The banks now have been told to extend their services to remaining 97 units as well at the earliest, according to him. If physical expansion is not possible, the banks have been directed to explore options to provide services without establishing their branches there.
Meanwhile, Khatiwada claimed the government collected Rs 120 billion revenue in the first two months of current fiscal year, which is 37 per cent more than the amount of the same period last year.
